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600 S Encina Street

Visalia, CA 93277
  • $574,500
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: IV22096005
Price Reduced
UPDATED: 55 min ago
$574,500
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

Listing Agent(s): Rene Jimenez of Arreba (909-763-2003)


Description

Here is a 5-unit commercial income property fully occupied that has been professionally managed. All of the units are 2 bedrooms and 1 and a half baths with a half bath located downstairs of each unit. One unit has a fireplace and a balcony. All units have their own meter and all have central heat and air. 3 units have been updated and show very well. 2 units need some cosmetic work but both are in good shape. Central heat and air for each unit. The garage roof was just redone with new wood boards. This is a great investment for any buyer looking for passive income, 1031 exchange, or looking to add to their investment portfolio. This property is minutes from downtown, close to shopping centers, schools, and easy Fwy access.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T20:35:37.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128555136
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600 S Encina Street Visalia, CA 93277

  • Price: $574,500
  • Status: Active
  • On Site: 14 Days
  • Updated: 55 min ago
  • ID#: IV22096005
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1971
Built
County:
Tulare
Property Description
Here is a 5-unit commercial income property fully occupied that has been professionally managed. All of the units are 2 bedrooms and 1 and a half baths with a half bath located downstairs of each unit. One unit has a fireplace and a balcony. All units have their own meter and all have central heat and air. 3 units have been updated and show very well. 2 units need some cosmetic work but both are in good shape. Central heat and air for each unit. The garage roof was just redone with new wood boards. This is a great investment for any buyer looking for passive income, 1031 exchange, or looking to add to their investment portfolio. This property is minutes from downtown, close to shopping centers, schools, and easy Fwy access.
Exterior Features

Carport Spaces 5 Carport YN Yes Lot Features Corner LotLandscaped Number Of Separate Electric Meters 5 Parking Features Attached Carport Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Contingency Subject To A Successful 1031 ExchangeThe Buyer Agrees To A Seller 1031 Exchange. Electric Expense 328 Fuel Expense 0 Garage YN No Gross Income 37900 Gross Scheduled Income 37900 Insurance Expense 2200 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Maintenance Expense 2525 Net Operating Income 27794 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number Of Units Leased 5 Operating Expense 11759 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 3209 Water Sewer Expense 468 Water Source Public Zoning R16



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T20:35:37.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Rene Jimenez of Arreba (909-763-2003)